Professional Documents
Culture Documents
Instrument: BG (Bank Guarantee), MTN (Medium Term Note) STAND BY credit (SBLC)*
o *NOTE: CASH-BACK & Lease BG / SBLC procedures require escrowed funds to
complete the transaction.
Term: One (1) year and one (1) DAY (Or as agreed)
Issuing Bank: Top 25 Bans & Rated AAA
Age: FRESH CUT, Seasoned (BG/MTN)
o NOTE: FRESH CUT Instruments do not have ISIPs or CUSIPs.
Currency: Euro
Amount of contract: 10 M MIN-MAX 5Bil Euro
Price: on request
Cost:
o Purchase: % of Face Amount + Min. 2% (Two Percent of Face Amount ) - 1% and 1%
BUYER & SELLER side Commission
o Lease: on request (between 8% to 14% of face amount of the instrument)
Payment:
o Purchase: BY SWIFT MT-103
o Lease: Escrow. Cost/Payment must be deposited to Issuer designated License and
Bonded Escrow Agent Escrow approved by Client in advance of deposit.
Instrument Delivery: SWIFT MT 760 / courier within seven (7) business days after receipt of
payment.
Procedures:
Purchase:
o Buyer submits the following documents:
Letter of Intent (LOI) to the Seller, including details of the company
Passport Copy
Receiving bank banking coordinates
Proof of Funds demonstrating liquid funds available to purchase the requested
instrument (Bank Statement within 3 days old, Tear Sheet, MT799)
Lease (All Services except Instrument Purchase Follow the Instrument Lease Document and
Escrow Closing Procedures)
o Buyer executes the following documents:
Request for Services
CIS Customer Information Sheet including details of the company, copy of
passport and, transaction and receiving bank coordinates.
Proof of Funds demonstrating liquid funds available to escrow cost of service
(Bank Statement within 3 days old, Verification of Deposit on bank letterhead)
Memorandum of Understanding
Escrow Agent and Escrow Instructions (cost of service must be escrowed
following the approval/execution of escrow agent/escrow instructions).
Important Note regarding escrow: Buyers who cannot follow the instructions
outlined above or who are incapable of providing proof of funds at engagement
are discouraged requesting services. Deviation from the prescribed
Issuer/Investor procedures is discouraged.
Buy Procedures
Procedures Contd
Buy Procedures